日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

Warning issued over global economy risks

By WEI TIAN (China Daily) Updated: 2012-12-25 03:36

A sluggish global economy will pose challenges and policies must be tailored to address the risks, a top think tank said on Monday.

"The global economy will experience low growth, at best, over the next few years," said Zhang Yuyan, director of the Institute of World Economy and Politics at the Chinese Academy of Social Sciences.

The academy's latest report, The World Economy Analysis and Forecast, put global growth for 2013 at 3.5 percent.

The forecast by major international institutions, such as the World Bank, International Monetary Fund, and the United Nations, put global growth rates between 3.6 and 4 percent in 2013.

Zhang said the forecast was due to concerns over the "fiscal cliff" in the US, the eurozone crisis and growing trade protectionism.

The fiscal cliff refers to tax increases and spending cuts that will automatically kick in at the beginning of 2013 if a budget agreement is not reached.

"If the US falls off the fiscal cliff it will enter a full recession and pose a major threat to the global economy.

"Even if it successfully avoids the cliff, it will adopt further easing measures that will lead to excessive global liquidity, which will push up inflation in other countries," Zhang said.

The academy report forecast that the US economy will rise slightly from 2.4 percent in 2012 to 2.5 percent in 2013.

Zhang said most developed economies will face the challenge of "Japanization", high debt and an aging population.

This could result in growing protectionism, he said, and China may be its major victim.

The report also focused on the shrinking US trade deficit. It has fallen from 6 percent of the GDP in 2006 to an estimated 3.1 percent in 2012.

The trade surplus in China may be lowered to 2.3 percent of its GDP this year from 10.1 percent in 2007. Sun Jie, a senior research fellow with the academy, said the trend for both countries will continue over the next year.

Fan Jianping, deputy director of economic forecast at the State Information Center, another government think tank, wrote in a report that China faces three possible scenarios.

In the basic scenario, Fan said, growth will be 8 percent in 2013 if issues like the eurozone crisis and fiscal cliff are properly handled.

Growth, in the second scenario, may even reach 9 percent if the global trade environment improves.

The worst scenario would involve the US falling off the cliff and the eurozone crisis remaining unsolved.

Contact the writer at weitian@chinadaily.com.cn

Related Readings:

China remains an 'engine' in global economy

China: 'bigger role in global economy'

CPC congress to impact on Chinese, global economy

China's green shift a boon to global economy

Trade is tool to fix global economy

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 懂色av一区二区夜夜嗨 | 国产一区二区不卡 | 爱av在线| 狠狠操91 | 好吊色视频在线观看 | 日本亚洲天堂 | 丰满肥臀噗嗤啊x99av | 国产精品久久久久久精 | 福利视频二区 | 成人免费视频一区 | 亚洲久久视频 | 99青青| 久久九九免费视频 | 国产成人精品综合久久久久99 | 天天天天天天干 | 撸av| 99精品免费观看 | 日韩在线精品 | 欧美黄色大片免费观看 | 日日舔夜夜摸 | 国产91精品久久久久久久 | 一区二区三区四区免费视频 | 久久久久久久久综合 | 久久综合五月 | 伊人久久综合 | 四虎黄色网址 | 日韩精品自拍 | 成人高清在线观看 | 成年人黄色大片 | 99视频在线播放 | 色网在线观看 | 久在线观看 | 亚洲久久一区 | 日韩毛片一级 | 羞羞网站入口 | 欧美成人区 | 成人高清视频在线观看 | 最新国产中文字幕 | 2014天堂网| 欧美视频一二三 | 伊人不卡 |